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tv   Studio B With Shepard Smith  FOX News  May 15, 2012 12:00pm-1:00pm PDT

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we're getting a lot of mail. knock wills der oh witnesses. i would give him myself instead of my dog, last name i'll withhold. this we went go over well with chuck. here is shepard. >> shep: news begins anew on a rainy day. f.b.i. is now on the case of the $2 billion trading loss of the nation's biggest banks bank. shareholders at j.p. morgan is still backing the ceo and his more than $20 million pay package. >> police say an immigrant used a dead man's identity to become a security supervisor in one of nation's busiest airports for two decades and parents of a daughter who is suffering from a flesh eating disease and close friend of the fool is speaking to fox news.
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it's all ahead, breaking news changes everything on studio "b" >> but first from fox at 3:00 in new york city. kate edwards the eldest daughter of john edwards is set to take the stand at any minute now in other fathers father's defense. he is accused of using campaign cash to hide an affair from voters. kate edwards has been sitting directly behind john edwards in court listening to all the details how he cheated on her dying mother. she could become a very sympathetic witness for her father, after all she was one of his victims and she seems to have forgiven him. she left the courtroom in fierce as a witness described the mother's reaction to the father's affair. this is a picture taken a few days ago of the mistress and their love child. remember that little girl is kate edwards' half sister.
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kate is an attorney. she temporarily gave up practicing law after her mother died of breast cancer. edwards' lawyers argued that it was not a campaign contribution but instead it was a gift and according to the lawyers, because the money was a gift, was not subject to campaign finance laws. that the key to the whole case. and our man jonathan is following it. kate is testifying or do we not know yet? >> reporter: not yet. we have a producer in the courtroom as soon as she takes the stand. that has not happened yet. we anticipate it will happen within the hour. she is the last witness on the defense list for today. we anticipate they'll get to her before court recesses. they usually do so around 4:30 and they will reassume the bulk in the morning.
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>> shep: are we going to hear from the other witnesses today? >> reporter: the defense called the former chairman with the federal election xa commission, he returned to the stand. defense asked him whether third party payments to another third party to cover up an affair had ever come up in the discussions of campaign finance regulations. he said no. they also questioned john moylan who said he seemed surprised when bunny memon that she had been funneling money to his campaign. i believe to this day that andrew young was using his name to get money from mrs. melon. they are trying to establish that john edwards was not aware of the funds in question until very late in the game. >> shep: jonathan, thanks very much. let's turn to our lawyers, arthur on your left and criminal
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defense attorney randy dillon on the left. if you are trying to humanize the man, the daughter may be the way to do it. >> it's brilliant. her testimony is not relevant. but if i'm a juror and wasn't sure what it was going on, when she takes the stand she now humanizes him and to a juror on who. it's okay to acquit him you are not disrespecting respecting elizabeth. so in front of one juror, what does a jury say. >> you don't humanize john edwards is when her daughter ran out of courtroom crying. when a woman who is now, deputy press secretary testified how mrs. edwards ripped off her shirt, ripped off her bra in front of john edwards, look i'm
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still a woman. i'm still a woman. yet you were with this expletive. that is what humanized john edwards. >> the daughter getting on the stand and saying my dad i love him. it's okay. >> what did we say in court all the time. especially prosecutors, when a defendant's mother that testifies, he was with me. everyone has a mother, a rat has a mother, a snake has a mother. here is throwing his daughter up there as a sympathy grab. nobody is go going to give her any credibility. she is going to say what they want her to say. she has lost her mom. >> shep: what about the substance whether the donations whether the campaign money or a personal gift? >> that is real testimony. that should be the testimony that jurors are weighing. jurors are doing what their job.
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weighing the credibility. they are supposed to look at body language, use common sense. they are supposed to evaluate what this individual said based counteracting with all the other testimony and all the other evidence. if they found the person credible, that could be reasonable doubt. >> that is great if you are a law school professor. this is the real world. what is really equally fascinating was the reaction. he seemed surprised. you can't make that up. >> who is making it up? >> if you didn't know the money was being used in campaign? >> shep: randy, randy. >> john edwards is going to walk. >> i assure you -- not going to walk. >> why are you laughing? >> he makes allot of assurances. >> like a broken clock, twice a day, i could be right.
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he is going to walk. >> shep: all right. we'll see. if the daughter testifies we believe she is going to testify and we'll let you know what goes down. f.b.i. is investigating j.p. morgan chase less than a week after they revealed one trader's $2 billion loss. a law enforcement official confirms the investigation which is still in the early stages. meantime, shareholders approved the ceo's $23 million pay package at the bank's annual meeting. a few protestors outside the meeting called for more regulations from the feds on risky trades. some analysts say the investors are still well off. >> this is one more piece of evidence that proves that the -- >> this is the biggest bank and the biggest financial company in the world. you are going to trade in big
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amounts. if you are going to trade in big amounts you are going to lose big amounts. >> shep: the value on wall street has plummeted. stock price is down more than 13%. it's rebounded a bit today. geri is with us. what did we hear from the meeting that moved stock prices up? >> dimon continuing his apology tour and he wasn't holding back when it came to his defense. >> it is flawed and poorly vetted and poorly executed. it should never have happened. but mistake was self-inflicted. >> so shareholders are talking about removing him out. chairmanship or chief executive role but they did talk about splitting those jobs. only 40% of shareholders wanted to do that. >> shep: how might it affect of more regulation? >> we're going to have more calls for regulation. tim geitner is calling for that.
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f.b.i. is investigating so we have the doj, department of justice and sec and f.b.i. and who next -- the gsa i don't know. >> randy, prosecuting criminal investigating of some kind? >> it's got to happen. an initial investigation is going to happen. look, ignite fell in the sewer. executive vice president, it was mistake, but i don't think anyone suggesting that it raises to level of reckless or negligence that it is criminal. >> shep: president of united states went on view and said he is the smartest bankers on wall street. that is pretty good endorsement. >> it's troubling because look, big bank and charles payne said it brilliantly. we complain when they make money. we complain when they lose money. what are they supposed to do. bring the f.b.i. it plays for a great sound bite but it's not
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fair because you are going to chill the efforts of bankers, they take risks and make mistakes. as long as you haven't lied to anybody and concealed anything because you lost money doesn't mean you go to jail. >> shep: too big to bail? >> exactly. it points to a big mistake could be a big problem for all america. these banks are backed by you and me so if they get in trouble we have to bail them out. we can't afford it. >> shep: $2 billion is not of money but under the new capitalization it's not really a large percentage of money for j.p. morgan chase. >> $2.2 trillion, this profits would have been $4 billion so it doesn't mean that much to them. >> they still make a profit? >> yes. >> and shares are up. >> and geri is correct it doesn't seem like they care.
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what the could guy said, they are big. they gamble big. they win big and they go down big. here they have been doing real well lately. this is the first. >> it's my taxpayer dollars. >> that is the name of the game. it's the nature of the beast. >> shep: it is. are you happy johnson? >> i am very happy. i have nothing to do with j.p. morgan chase. >> big sale for facebook this week. the cost for a share is expected to top $30. all that for a company that half of us don't even expect to last. there is a new poll out that gave us those numbers. and cofounder that is giving up his united states citizenship so he can save large on his taxes. more developments in registerer clemens ens perjury trial. he saved the stuff that he
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>>. >> shep: facebook frenzy is building as the social network prepares to go public in three days. for context it would be worth more than the ebay and starbucks combined. facebook revealed today it expects to sell stock between $34 and $38 per share. a sign for a strong demand on the street. facebook is one of the most popular websites on the planet with a billion users. but a new poll shows that 9% of respondents saidhave never even heard of the ceo mark zuckerberg. get out from underneath the rock. it could be one of the biggest of the year? >> where did they get the
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responsible dents. wee it could be google. google is trading at $615 but all this fanfare will last. we believe the company will see a nice healthy pop on the first day of the ipo but the questions where it will go afterwards, new questions in the last half-hour, whether or not it is stable. general motors is pulling a $10 million off of facebook putting into question whether or not it is an effective platform or not or effective ipo. we have seen such a spot si track record, take for groupon that went public, down 35%. linkin up 150%. none of these are a slam-dunk. >> shep: new poll that finds fully half of americans think
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facebook is a fad. >> this is part of the problem. this is what investors have to make sense of when they decide whether or not they are going to be investors in facebook or not. it is this fad phenomenon. is it going by the wayside like so many other ipos did. the other issue that the study found that users just don't sound at 59% have little to know faith in the privacy protection that facebook has. they also 12%, only 12% feel safe enough to purchase through the site. guess what? this is a problem for a company that makes all its money through advertising. how are they going to sell to advertisers. general motors is an example. >> shep: founders are going to walk away with billions. what do they care? >> but investors will care, when you get big investors.
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>> shep: one of founders has renounced his united states citizenship. the move reportedly could save him $600 million in tax. $600 million. why the hell wouldn't you then? i don't know, i wouldn't, if it was $600 million i don't know what i would do. he says it's more practical to give up his citizenship since he lives in singapore. randy, you go boy. >> i am pissed. it really makes me mad. he makes a huge fortune, $600 million, what could $600 million do for whatever. fill in the blanks. in helping close the budget gaps. he had no problem using us to create this fortune. he had no problem getting his knowledge from harvard and moved to singapore, but he has been
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there since 2009. it's clearly a tax dodge. i don't know. it's doing the right thing or not doing the right thing. >>00 million you are going to pick it up or go past it. >> how many billions am i getting? >> would you walk past it? >> the guy wasn't even born here. let's start with that. >> he is living in our country. >> maybe we ought to rethink our tax structure and attract people to come in and invest instead of trying to get out of here. >> and money on the floor, you and i are in positions with clients where we can take money and they can disappear. >> that is illegal. >> what is he doing is not right i have been reading he is the richest guy in singapore. he is driving around a bentley. he is all the private clubs.
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private table that is reserved for him. why can't he share the wealth? >> he is, he is given to bentley. >> in singapore. california made him. >> maybe we ought to rethink the way our tax system is set up. >> shep: when they offer he mee a loophole to write something off, i get to write off my agent's fee. i write it off. i am not going to pay them if i don't have to pay them but would i renounce my citizenship? that is another matter. >> we agree. >> tax accountant or maximize or minimize your tax bills. he has the right to do that. >> shep: it is absolutely within the rules. don't do anything that is illegal that is little shady. don't do anything, but if they give me a deduction, thank you
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very much. >> $600 million, singapore looks pretty good right now. >> walking away from the country that made you. >> what would you do for $600 million. >> can't say it on tv. [ laughter ] >> shep: we'll be back. this one is horrible, two bodies on the side of the road and no suspects. the killer may have been disguised as a police officer and they are warning people in north mississippi don't pull over just because you see flashing lights. police everywhere. they think it's an unmarked car. with a light on top. mighty tough, two people dead. we'll take you there straightaway. [ male announcer ] research suggests the health of our cells plays a key role
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>>. >> shep: live look, mitt romney, presumptive republican nominee having a little townhall or speak of sorts in des moines, iowa, 11 minutes after 2:00. he is talking about economy and jobs. >> it's old. as president, i wanted to make the federal government simply smaller and smarter. >> shep: it's interesting all of this. we make it available to you at foxnews.com, it's streaming live. >> first in the news, cops in mississippi say it's possible that a fake cop is pulling over people on the highway, shooting and killing them. now police in the county where the killings went down are warning people not to pull over if they speck the person behind the wheel is not the, suspect the person is not the real deal. if somebody attempts to pull you over with flashing lights and
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you feel unsure of stopping don't pull over. use your cellphone and dial 911. if it's real officer, they will confirm it with you. if it's not real officer, they will send help you to. a 74-year-old man from nebraska on a car in pinola county, that is baitsville area they found a woman on highway 13 in nearby tunica county. david lee miller, why do police say they think it's someone that is posing as an officer? >> reporter: did they the do ask the question why would an elderly man and middle-aged woman pull over to a dark deserted roadway unless they were committing an act of
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charity, helping someone with a flat tire. there could be a bogus cop involved. last month nearby county we are told that a woman filed a complaint with the sheriff's department to say that someone had stopped her vehicle in an unmarked car. it had a siren. it had flashing lights. she asked for identification. at that point the driver of this unmarked vehicle who she described as appearing suspicious decided to let her drive off. this happened on i-55 which is where the murders took place but it took place in the middle of the day. is it significant? that is why cops want to locate the woman. >> shep: what about the two victims? >> one thing that is significant about the two victims here, they appear to have absolutely nothing in common other than the fact they were both targeted by the killer and/or killers. 74-year-old man, his name thomas
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shindler, he lived in nebraska. he was on his way to florida to pick up his grandson when he was driving through mississippi. we are told he used a breathing apparatus. highly unlikely he would leave his vehicle to help someone with a flat tire. the woman worked at casino nearby. she was actually found behind her vehicle, pontiac grand am. shindler was found inside his pickup truck. we talk about motive. the son-in-law for mr. shindler told me that his fairly had father in law had his wallet stolen but they say the investigation continues. >> shep: david lee, thanks. let's get to the roger clemens trial. the all-star's former trainer told the jury today that for
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years, he held on to the evidence of roger clemens steroid use because the trainer wanted to protect himself. his wife told him you are going to go down. so the trainer took a swab from one of injections, stored it in a beer can and brought it home. he compared his relationship with an illicit affair. he injected clem en's wife with human growth hormones. >> let me be clear, i have never taken steroids or hgh. >> and the former trainer's experience is now worth less and so the evidence. they call it a hodgepodge of garbage. meantime, for the jury pool, got a little smaller. a judge exudes one juror for sleeping during the trial. >> shep: british officials have
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filed criminal charges with hacking scandal of news of the world. news corporation is the parent company of this network. it shut the tabloid down, that staffers hacked the phones of people they were covering. prosecutors say the former editor rebecca brooks tried to hide evidence in the case. amy is live in our london newsroom. >> reporter: these are the first charges that have actually been brought since the wave of arrests begin last summer in connection with phone hacking and illegal payments to police. rebeblg ka brooks was not only the former editor of news of the world but also of the sun and the former chief executive of news international which is rupert murdoch's british newspaper group. all five including brooks and four people who have worked for news international were charged with conspiracy to pervert the course of justice.
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she was charged with three counts that she tried to conceal materials from police that she conspired to remove seven boxes of material. she was arrested for these particular offenses in march. last july she was arrested on other allegations related to hacking and she is technically still on bail. she has not been charged. her husband says that they are using her and him others as scapegoats. >> one day, the details of this case will emerge and people will see today as nothing more than an expensive side show, a waste of public money as a result of injust decision. >> reporter: some of the other charged have issues statements
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proclaiming their innocence thaesmt court date on june 13th. legal experts are speculating this trial won't happen until next year at the earlyest possibly not until 2014 but we don't have those details yet. >> shep: amy kellogg, thanks. >> a security supervisor at an airport is under arrest for using the identity of a dead man. he is apparently an illegal immigrant and passed a background check after background check for 20 years. what does this say about the perception of security at the airport? that is next. [ male announcer ] what's in your energy drink?
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>>. >> sean: security supervisor in new jersey stole an dead man's identity and used it for 20 years and passed a bunch of ago ground checks. they arrested the man yesterday. sheet right there. he pleaded guilty to identity theft charges. co-worker says he managed a team of private security guards that kept an eye over the overnight period. they also inspected delivery trucks for security threats. new york liberty is among the 15 busiest airports in the nation. more than 34 million passengers
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have traveled that airport last year. jonathan hunt is in the studio with us. what else do we know about him? 20 years he lived off a fake i.d. >> back in 1992 he took the name jerry thomas, 1992 was the same year by that name jerry nomination was murdered in new york city. no word from the cops whether this man is now a suspect in the murder of jerry thomas but the worrying thing here, during his work as a security supervisor, he passed a series of background checks with the new jersey stated police. with the u.s. customs of border protection and with fjc security. port authority of new york and new jersey which runs new york airport issued a statement three their spokesman, our leadership called and spoke with the security company today and meet with them in the coming days to
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take every legally permissible check to recheck their personnel on a regular basis to protect our customers, employees and facilities. you can be sure that these investigations are just beginning. >> shep: we're seeing other signs of lax security. >> the inspector general of homeland security has issued a reported. they looked at six airports. newark was one of them and newark in particular, only 42% of security breaches were reported on on and then further action taken. that compares with over 50% of the other five airports, clearly there great concern here and politicians on capitol hill are looking at this. homeland latin security subcommittee is going hold a hearing tomorrow. >> shep: let's bring in the managing director safety board, peter gold is with us. he specializes had aviation
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safety. what do you think? >> i think what it points out a decade after 9/11 and billions of dollars spent there is still tremendous holes in the system. it's unacceptable. >> shep: why is it happening? are they still in the mode to just make us feel like we're safe. what is the problem? >> i think the system was put together on the run. there was a lot of money thrown at it. in this case, it wasn't as though there was some sort of screen that pulled this guy out. this was a tip from somebody. he could have served on for another five years without anyone knowing. i think it points out just how vulnerable certain aspects of the system still are. >> shep: not the least of which is security checks, clear that something went wrong. >> that is where the real attention out to be spent. he passed company security checks, state security checks. new jersey has specific law that
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governs security for employees plus the federal check. did anyone really take a look at this guy? >> shep: everybody on the right-hand side of the political fence is talking about making government smaller, putting things in the hands of this capitalist society which has worked so well over the years. is there new talk of privatizing airport security? >> there certainly is. chairman mica of the committee in the house has been talking about privatizing it for years. remember, pre-9/11 the security system checkpoint was prosecute privatized. the airlines ran the checkpoints. so there is a question. i think we're going to find a hybrid system in place somewhere in the coming years in which the federal government will play a significant role but the private sector will step up. >> shep: san francisco is place like that right now?
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>> that's right. they have a number both large and small airports where you do have private terrify operations running -- sector running it and they are working fine. >> shep: family can communicate with her now only after they learned to read lips. she has lost parts of her body and may resolution more. we'll get the latest on this young woman and the community that is rallying around her. her friend speaks with fox news next. [ male announcer ] they were born to climb...
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her name is amy copeland who reportedly fell into a river in west georgia after the homemade zip line snapped earlier this month. they cleaned the wound and closed it with 22 staples been after days of severe pain they diagnosed her with flesh eating bacteria. now her leg is gone along with part of her abdomen. her parents say they are communicating with her by reading lips and her lungs are slowly improving. we're told months of rehabilitation must be ahead. trace gallagher is live. it's my understanding you spoke to one of the woman's friends. >> reporter: just to see the outpouring of support. they are hosting a blood drive for her organized by her friends and dad because her dad has been in the hospital for weeks and seen such a need for blood, not only for amy but other patients,
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as well. it's being held at west georgia where amy is getting her master's degree in psychology. blood drive has been going on for hour and 45 minutes and runs until 7:00 tonight. her friends and fellow students are all in. >> i think it's going a long way not only for amy but others. that is part of her life. how can i make a difference in another person's life. even through this tragedy, you see the triumph has to be other people will be touched through amy. >> reporter: you have to remember many doctors did not think she would survive. she is a fighter and she is going to make it. >> shep: how is the prognosis now? >> reporter: it's tough. they cut off her leg. they are talking about her right foot, possibly losing that and her fingers because the blood vessels are dying. they are hoping to save her palms of her hands and then she
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can use prosthetic fingers but her lung function is improving. if the antibiotics keep working her odds are good. >> she has to fully recover, they have to reverse the infection. she has to deal with the newer local cal i am paramedic. s from the amputations and physical therapy. this is not something that is going to get resolved in another couple weeks. this is a long battle. >> reporter: but he noted that once this bacteria is gone, it's gone for good. there are no recurrences. >> shep: trace, thanks very much. we used internet to post all kinds of reviews everything from doctors to restaurants. now a woman who slammed her church is facing a half million dollar lawsuit over what she posted on line. does the church have a case?
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if parishioner versus congregation. that is just ahead. structured settlements. the experts at imperial can convert your long-term payout into a lump sum of cash today.
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>>. >> shep: woman posted negative reviews on line, reviews of her former church. now, the church is firing back, facing a $500,000 lawsuit from the ex-pastor. he is suing for defamation. there he is after he is accused him of spiritual abuse and compared his church to a cult. >> i am going to post a review. >> we do it with restaurants and hotels. i thought, why not do it with this church? we have the right to free speech. it may not be what people wanted to hear, but we have that right. >> a judge is set to hear the case. legal team is back, what about
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this? >> the judge going to hear the case and judge is going to dismiss the case because all this woman did was stated her opinion. it is protected speech. if every time somebody said that i was creepy i would be a billionaire. you are offering an opinion. it is not something that you can sue over. in addition, in f any of it is true, truth is also a defense. so it's much to to do about nothing. >> what she said it's a cult like church. the reason it's a cult like church because the poster tor asked the elder people of the community to go through the closets of young women and make sure their clothes are appropriate and station in life. that is why she is saying it's like a cult. how our daughters should dress. there are a lot of people young
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women --. >> shep: coming into the bedroom and check can their clothing. >> recommending parents to keep their children straight and narrow, this is one of ways to do so. she is putting this out as a fact. the pastor is saying has created this frozen zone where nobody wants to come to my church now. and not for profit church is going to lose money and church is going to have to close. >> that is creepy. that is creepy. >> shep: should the pastor be able to sue her for defamation. she said her opinion? >> that is the issue. is he is trying to put this out here, this is fact. these are the rules and you have to abide by them, it's like a cult. >> most of what you said is either going to be yes or no. a if that is what they, do it's
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dismissed those grounds. it's the truth. >> only a few people read the review until he made a big deal out of it. >> shep: was there anything like that? >> there were no churches. was totally not religious place. >> shep: it was hell. that is where he is from. united kingdom. >> still no churches. >> fewer than 50% said that they go to church regularly or they are believers. >> it's been going down ever since i was can a kid. >> i don't know what the equivalent in this country. >> shep: a man settle himself on fire today outside the trial of norway's confessed mass murderer. he walked up to a large security tent and sprayed himself with
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some sort of flammable liquid and set himself on fire. they put out the fire but not behalf the man was seriously injured. it's unclear why he did it or whether there is any link to the trial of right wing extremist. he has admitted to setting a bomb at the capital and going to a youth island camp where he huchbtd down his victims and the law is them. 77 dead. he is shown no remorse and trying to defend norway from immigration. >> a family had a funeral all set to go. the guest of honor was not dead. that is next. rds dad, e-trade financial consultants. they'll hook you up with a solid plan. wa-- wa-- wait a minute; bobby? bobby! what are you doing man? i'm speed dating! [ male announcer ] get investing advice for your family at e-trade.
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>>. >> shep: shear an interesting one. ranchers are trying to corral more than 200 buffalo that escaped. they say the buffalo are fast. they are agile and they don't
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stay together like cattle. look at that. where the buffalo roam. shooting guns into the air helped scare them in the proper direction. cops are warning anyone that come across them to stay away. they can do a lot of damage to people's vehicles alike. a word from iowa. >> then there is this, funeral plans were premature. according to several reports out of egypt the family of a 28-year-old man was arranging for his burial after doctors said he suffered a heart attack and dropped dead. before the ceremony a doctor showed up to sign the death certificate. doctor found the man was not so much dead but rather in a state, that medical experts refer to asleep. [ laughter ] >> shep: man reportedly, doctor managed to wake up the woman and her not dead

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